3 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 3.7% per year over the past 2 years.
Net income has grown faster than revenue (6.7% vs 3.7% per year).
Operating margin has contracted, at 18.7% in the latest year.
Financial health
The company holds more cash ($5M) than total debt ($5M).
Total debt has grown slower than revenue (-7.2% vs 3.7% per year).
Operating income covered interest expense 8.9× in the latest year, down from 19× 2 years ago.
Total debt is 1.2× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2026
$19M
$5M
91.0%
18.7%
-$832876
$5M
$5M
2025
$16M
$2M
93.5%
21.3%
-$523886
$5M
$3M
2024
$18M
$4M
94.0%
31.6%
-$382613
—
$1M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$7M
—
90.5%
30.2%
—
$5M
$5M
Dec '25
$4M
—
87.7%
9.8%
—
$5M
$6M
Sep '25
$4M
-$43387
92.1%
-0.0%
—
$5M
$6M
Jun '25
$4M
$741195
94.2%
25.5%
-$551053
$5M
$6M
Mar '25
$4M
—
95.6%
4.3%
—
$5M
$3M
Dec '24
$3M
—
87.9%
5.9%
—
—
$2M
Sep '24
$6M
$2M
95.9%
40.4%
—
—
$845850
Jun '24
$4M
$625493
92.4%
22.9%
-$254420
—
$767843
Valuation over time
How the market has priced FATN against its own fundamentals since 2025-04 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 58.8× (Apr '25) to 16.0× (Jun '26).
The price-to-sales ratio has fallen from 7.1× (Apr '25) to 4.1× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is FATN growing its revenue and profit?
Over the past 2 years, Fatpipe Inc/UT's revenue has grown 3.7% per year, and net income grown 6.7% per year. These are computed facts, not advice.
How much debt does FATN have?
As of FY2026, Fatpipe Inc/UT reported $5M of total debt against $5M of cash; operating income covered interest expense 8.9×.
What is FATN's profit margin?
In FY2026, gross margin was 91.0%, operating margin 18.7%, and net margin 25.9%.
What is FATN's P/E ratio?
As of Jun '26, Fatpipe Inc/UT traded at a price-to-earnings ratio of about 16.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.